Pages

Monday, February 9, 2009

Recession comparison

This is an interesting graph. Nobody knows how bad the current recession is going to be. But it's noteworthy just how bad the early '80s recession was, and how mild the early '90s one was ("the worst economy in 50 years," Clinton and Gore used to say). (Via Greg Mankiw.)

UPDATE 1/14/10: See here.

No comments: